2014

We are pleased to announce that registration for the 2014 SPE Russian Oil & Gas Exploration & Production Technical Conference and Exhibition is now open. Taking place on 14-16 October, Moscow, the show is returning for its 5th edition. We are also proud to confirm the key participating companies, including …

Shelton Petroleum continues to record strong profitability. The operating margin in the first quarter amounted to 29%, which is a significant improvement compared to 25% in the first quarter last year. The improved profitability is a direct effect of the increase in production by over 80% from 519 to 942 …

LUKOIL has published consolidated US GAAP financial statements for the first quarter of 2014. The Company’s net income amounted to $1,733 million. EBITDA (earnings before interest, taxation, depreciation and amortization) reached $3,995 million in the first quarter of 2014. Sales revenues were $35,681 million (+5.7% y-o-y). Net income for the …

Integra Group  hereby announces that on 23 May 2014, the Cayman Registrar of Companies approved and issued a Certificate of Merger in respect of the merger of the Company with a company formed by certain members of the Company’s management team (the “Merger”), whereupon the Merger became effective. The Company …

This year’s St. Petersburg International Economic Forum was marked by the signing of a number of strategic collaboration agreements between Gazprom Neft and various domestic suppliers, including OMZ (Uralmash-Izhora Group) and Hydromashservice (HMS Group). These agreements underline the company’s commitment to ongoing collaboration with Russian suppliers to ensure the fulfilment of its requirements for high-quality equipment at its onshore and …

As part of the St. Petersburg International Economic Forum 2014, Vagit Alekperov, OAO LUKOIL President, and Christophe de Margerie, CEO and Chairman of Total Group’s Board of Directors, agreed on general conditions of participation in a joint project focused on the exploration and development of unconventional hydrocarbon reserves in the Khanty-Mansi Autonomous Okrug-Yugra …

Max Petroleum, an oil and gas company focused on Kazakhstan, today announces that additional options to subscribe for 89 million new ordinary shares of the Company (“Ordinary Shares”) were granted to the Directors, officers and certain employees of the Company on 27 May 2014 at an exercise price of 1.2p …

Max Petroleum Plc, an oil and gas company focused on Kazakhstan, today announces that it has completed drilling the KZIE-3 appraisal well in the East Kyzylzhar I Field to a vertical depth of 1,315 metres without encountering sufficient hydrocarbons to be commercial and it will be plugged and abandoned. The Zhanros …

North Atlantic Drilling Ltd. (“NADL” or the “Company”) and Seadrill Limited (“Seadrill”) are pleased to announce that an Investment and Co-operation Agreement has been executed with Rosneft in order to pursue growth opportunities offshore and onshore in the Russian market through at least 2022. As part of these proposed opportunities, …

Rosneft President, Chairman of the Management Board Igor Sechin and President of ExxonMobil Development Neil Duffin signed an agreement to extend the existing Strategic Agreement on implementation of the Far East LNG project. Work to progress engineering surveys on land and sea are scheduled for summer of 2014. At this …